Volition has recently been shuttered.
Embracer Group is reportedly considering the sale of Borderlands‘ Gearbox in order to sort rising financial problems, a report from Reuters states.
The potential sale aligns with a plan by Embracer to reduce its $903 million USD debt by the end of its financial year. It follows a failed $2 billion USD investment over two years by the Saudi government-funded Savvy Games Group.
This report follows the closure of Saints Row‘s Volition, an Embracer-owned studio, after the extremely lacklustre showing of the title. The closure was part of a restructuring plan that will include game cancellations and layoffs.
Embracer purchased Gearbox back in February 2021 in a deal that was worth up to $1.4 billion USD. Gearbox has a developing arm and a publishing arm; the latter is responsible for titles including Remnant 2 and Star Trek Online.
We’ll keep you informed as the situation progresses.
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